roulette_pl_calculator_specific_number: Roulette P&L betting on a specific number

In Trading: CCR, Advanced Correlation & Beta Estimates, Betting Strategies

Roulette P&L betting on a specific number

Description

Calculates the potential profit or loss when someone is betting on a specific number in the roulette and keeps doubling every eighteen spins if the number hasn't appeared yet.

Usage

roulette_pl_calculator_specific_number(
  bet_minimum,
  bet_maximum,
  initial_capital,
  targeted_number,
  simulations_num,
  trials_per_sim,
  stop_loss
)

Arguments

bet_minimum	The minimum betting amount that the casino allows
bet_maximum	The maximum betting amount that the casino allows
initial_capital	The initial capital to be used
targeted_number	The specific number that we expect to be drawn (statistically speaking, this should have zero effect on the results)
simulations_num	The number of simulations to be run
trials_per_sim	The number of trials in each simulation
stop_loss	(Optional) The number of spins after which the betting amount will go back to the minimum if the targeted number hasn't appeared.

Value

A list containing the minimum, the maximum and the final balance for each simulation. Also the P&L graph for the last simulation will be plotted.

Author(s)

Tasos Grivas <[e-mail]>

References

https://en.wikipedia.org/wiki/Roulette#Betting_strategies_and_tactics

Examples

# This software is covered by GPL license and provided strictly for educational 
# reasons (no actual investment or betting decisions should be taken based on this)
# On top of these, the below example contains a tiny number of simulations and
# trials just to pass CRAN tests - the user would have to highly increase both
# variables when running these.
pl_results = roulette_pl_calculator_specific_number(bet_minimum =0.1 , bet_maximum = 3276.8,
initial_capital = 20000, targeted_number = 0, simulations_num = 100, 
trials_per_sim = 100, stop_loss = 180)
summary(pl_results$min_capital)
summary(pl_results$max_capital)
summary(pl_results$final_capital)

Trading documentation built on Feb. 13, 2024, 3 a.m.